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28 May 05:51 PM

International Markets

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6 April 2025 02:52 PM ADES Holding enters Brazilian market via SAR 319m agreement
Riyadh – Mubasher: ADES Holding Company has entered a charter agreement for its premium jackup rig, Admarine 511, with Constellation Oil Services Holding to execute a contract for Petrobras in Brazil. This agreement marks the Saudi group’s entry …
Global Economy
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6 April 2025 08:22 AM Al Arabia, Multiply Group to derive global expansion in advertising sector
Mubasher: Arabian Contracting Services Company (Al Arabia) and Multiply Group's media vertical teamed up to create a joint venture (JV) to invest in the global out-of-home (OOH) advertising sector. The 90-day memorandum of understanding (MoU) will …
Companies Investments
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3 April 2025 08:42 PM Al Ansari Exchange closely monitoring global currency markets amid new US tariffs
Dubai – Mubasher: Al Ansari Exchange, the subsidiary of Al Ansari Financial Services, stated that it is closely monitoring global currency markets following the recent US tariff announcements by President Donald Trump, according to a press …
Trade
Photo Archive
3 April 2025 01:45 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Companies Investments
Photo Archive
2 April 2025 05:15 PM Uber, WeRide partner with RTA to bring autonomous vehicles to Dubai
UAE – Mubasher: Uber Technologies and WeRide have teamed up with Dubai’s Road and Transport Authority (RTA) for autonomous vehicles (AVs), yet more details on the launch and next steps for the AVs pilot in Dubai will be announced in the coming …
Companies Investments
Photo Archive
2 April 2025 04:52 PM Ayan Capital secures up to GBP 25m financing, aims to become UK leader in Islamic banking
Mubasher: Ayan Capital, a fast-growing provider of halal vehicle financing, has raised up to GBP 25 million in Sharia-compliant financing facility from institutional debt provider Partners for Growth (PFG). The investment reflects the rising …
Sukuk and Islamic Finance
Saudia
2 April 2025 04:08 PM Saudia launches flights to Athens, to introduce new departure airport in June
Riyadh – Mubasher: Saudi Arabia’s national flag carrier Saudia has launched seasonal flights to Athens in Greece from Riyadh, according to a press release. The inaugural flight, SV195, took off from King Khalid International Airport on 2 April …
Global Economy
EDGNEX by DAMAC
2 April 2025 02:14 PM EDGNEX by DAMAC acquires Finland’s Hyperco in step with driving success in region
UAE – Mubasher: EDGNEX Data Centers by DAMAC unveiled the takeover of Finland-founded data centre company, Hyperco. The acquisition contributes to the region's evolving data center landscape, creating new jobs and promoting economic development, …
Global Economy
Photo Archive
1 April 2025 07:51 PM Global firm EXP announces partnership with oil-focused Al Suwaiket
Riyadh – Mubasher: EXP, a global engineering, architecture, design and consulting firm has teamed with Al Suwaiket Group, a leader in supplying products and services to the oil and gas industry, for projects in Saudi Arabia. The EXP Al Suwaiket …
Sector Reports
Ras El-Hekma
1 April 2025 03:09 PM Modon collaborates with Elsewedy Industrial Development for Egypt’s Ras El-Hekma
Abu Dhabi – Mubasher: The UAE’s Modon Holding has teamed up with Elsewedy Industrial Development to build and operate a new industrial zone for the Ras El-Hekma city megaproject in Egypt, according to a press release. The two companies signed a …
Real estate
JINGDONG Logistics
1 April 2025 01:40 PM JINGDONG Logistics expands operations in MENA
Mubasher: JINGDONG Logistics, also known as JD Logistics, has expanded its presence in the Middle East with five warehouses and beyond in parts of North Africa, according to a press release. The Chinese supply chain management company established …
Global Economy
Photo Archive
31 March 2025 01:42 PM Region-focused Reynaers Middle East completes iconic project in Iraq
Mubasher: International aluminium solutions provider Reynaers Middle East has successfully completed the World Heart Hotel and Mall in Iraq, according to a press release. The project, which is located in Baghdad, features panoramic design that …
Global Economy
Bitpanda
30 March 2025 04:54 PM Bitpanda obtains VARA licence as beginning of expansion beyond Europe
UAE – Mubasher: Bitpanda, a virtual assets platform, has secured a Broker-Dealer licence from the Dubai Virtual Assets Regulatory Authority (VARA), obtaining approval in record time. This step marks the beginning of the company’s expansion beyond …
Global Economy
Agility Global
30 March 2025 03:37 PM Agility Global generates $4.5bn revenue, $128m earnings in 2024; dividends unveiled
Abu Dhabi – Mubasher: Agility Global, a multi-business owner and operator with a global footprint in more than 70 countries, announced net profits worth $128 million, representing 1.25% per share, registered in 2024. The revenue increased by …
Global Economy
The Arab Energy Fund
30 March 2025 01:27 PM Arab Energy Fund records highest-ever net income amid $10.9bn total assets in 2024
Mubasher: The Arab Energy Fund, formerly known as APICORP, achieved a record performance in 2024 with the highest-ever net income that was driven by strong asset growth across all business lines, increased efficiencies, and a favourable interest …
Financial Results
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27 March 2025 03:22 PM UAE-based healthtech Valeo Health fuels GCC expansion plans via $12m funding
UAE – Mubasher: Valeo Health, a leader in AI-driven healthcare, has raised $12 million in its Series B funding round, bringing its total funding raised to $20 million to date, according to a press release. The fundraising transaction was led by …
Companies Investments
Photo Archive
27 March 2025 01:44 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Trading Activities
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27 March 2025 11:52 AM Abu Dhabi Aviation, Archer to deploy world’s 1st Midnight electric aircraft
Abu Dhabi – Mubasher: Abu Dhabi Aviation Company teamed up with Archer Aviation to deploy the first fleet of its Midnight electric vertical take-off and landing (eVTOL) aircraft globally, according to  a press release. The strategic memorandum of …
Global Economy
Photo Archive
26 March 2025 02:16 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Trading Activities
Photo Archive
26 March 2025 08:01 AM Prices of investment funds including certificates in EGP
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP as of 25 March …
Mutual Funds
Photo Archive
25 March 2025 02:15 PM Seviora Group expands global footprint via office in ADGM
Mubasher: Singapore-based Seviora Group has established its Middle East office in the Abu Dhabi Global Market (ADGM), according to a press release. Coupled with Seviora’s existing offices in Singapore, India, China and Indonesia, the new office …
Companies Investments
Photo Archive
24 March 2025 05:57 PM Orascom Construction, Técnicas Reunidas to build 3-GW power plant in Saudi Arabia
Cairo – Mubasher: Orascom Construction and Técnicas Reunidas have signed an engineering, procurement and construction (EPC) contract worth $2.60 billion to build the Qurayyah IPP expansion project. The joint venture (JV) will establish a …
Global Economy
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24 March 2025 02:26 PM Global fintech XTB expands MENA’s presence with new Dubai office
UAE – Mubasher: Leading global fintech company XTB has opened a new office at the Dubai World Trade Centre to expand its footprint in the Middle East region, according to a press release. The new office is complemented by XTB’s latest regulatory …
Global Economy
Photo Archive
24 March 2025 01:57 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Global Economy
Photo Archive
23 March 2025 10:29 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for the …
Banking and Finance